An income-tax calculator is an online application that assists in calculating taxes depending on a person’s income. Individuals who fall into the taxable income category must pay tax on a portion of their net annual income. Income tax can be paid in two ways: as tax deducted at source when a monthly wage is disbursed, or through the Central Board of Direct Taxes’ income tax returns portal (CBDT). Individuals must pay their prescribed dues on any incomes obtained from other sources, which is why the opportunity for online tax payment exists.
Follow the below-given steps to use the tax calculator:
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